Mortgage Fraud, Bank Of America | featured news

AIG sues BofA for $10 billion alleging "massive fraud"

AIG sues BofA for $10 billion alleging

The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a "massive fraud" on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank.

 

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